Ireland’s Kingspan Group have set up shop Stateside with the newly launched Kingspan Energy, which will target the commercial and public solar sector.
Described as a solar energy solutions provider, Kingspan Energy offers end-to-end solar PV installations to the commercial and public sectors, including feasibility, design, installation and financing.
"We see great long-term potential in the American solar energy market," said Kingspan Energy President Ralph Mannion. "For us, bringing Kingspan Energy to the U.S. is a natural next step. There is tremendous opportunity here for us to not only grow as a company, but to bring solar energy to previously overlooked customers in the United States."
Primarily focused on the 150 kW to 5 MW, Kingspan will primarily target potential customers who have until now been unable to access solar energy due to the restrictive nature of the financing options currently available on the market, Mannion added.
"Our goal is to make solar available to a wider range of organizations, many of whom may have been unable to install financed rooftop solar in the past," Mannion said. "Our global experience, and access to our own financing, allows us to look at more types of buildings, businesses and credit profiles than traditional solar developers."
This, Mannion added, was "a critical component in unlocking the broader U.S. commercial rooftop PV market, which has trailed the residential and utility scale markets in recent years."
Kingspan Energy is the latest investment in the United States by Kingspan Group, a $2.5 billion dollar publicly traded company with almost 7,000 employees worldwide. Active in high performance building materials and solar integrated building envelopes, the company has more than 2,000 employees and 10 manufacturing facilities across the U.S.